Morgan Stanley analyst Andrew McLeod upgraded Macquarie Technology Group to Overweight from Underweight with a price target of A$100, up from A$50. The financial and strategic value of the company's DC assets are undervalued, the analyst tells investors in a research note. While the structural tailwinds for DCs are well known, but AI is now set to drive the need for higher compute power over next 3-5 years, the firm added.
Macquarie Technology Group double upgraded to Overweight from Underweight at Morgan Stanley
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Last
$62.16 |
Change
0.260(0.42%) |
Mkt cap ! $1.595B | |||
| Open | High | Low | Value | Volume |
| $62.06 | $62.35 | $61.66 | $93.23K | 1.502K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30 | $62.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $62.33 | 11 | 2 |
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| Last trade - 10.23am 16/06/2025 (20 minute delay) ? |
| MAQ (ASX) Chart |